Analysis
Southwest Minnesota State's psychology program operates in a challenging space—outperforming the national median by a comfortable margin but landing below Minnesota's state median, where psychology graduates typically earn $36,243 in their first year. Within the state, this program sits at the 40th percentile, lagging schools like Metropolitan State and the University of Minnesota system by $5,000-7,000 annually. However, the small sample size (under 30 graduates) means a few outlier careers could significantly shift these numbers in either direction.
The financial picture starts modestly but improves considerably. That $33,099 first-year salary climbs to $46,366 by year four—a 40% jump that suggests graduates are finding their footing in the job market or pursuing paths where experience drives earnings. The debt load of $26,500 is manageable relative to that first-year income, creating a debt-to-earnings ratio of 0.80 that won't trap graduates in overwhelming repayment cycles.
For families considering this program, the key question is geographic flexibility. If your child plans to stay in Minnesota's competitive psychology market, programs at Metropolitan State or the U of M schools deliver stronger earnings right out of the gate. But if they're drawn to Southwest Minnesota State for other reasons—campus culture, location, or financial aid—the trajectory shows graduates can catch up over time. Just remember these numbers reflect a small cohort, so individual outcomes may vary more than usual.
Where Southwest Minnesota State University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Southwest Minnesota State University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Southwest Minnesota State University | $33,099 | $46,366 | +40% |
| Gustavus Adolphus College | $33,174 | $53,981 | +63% |
| University of St Thomas | $38,396 | $51,174 | +33% |
| The College of Saint Scholastica | $31,367 | $50,740 | +62% |
| Concordia University-Saint Paul | $36,243 | $49,552 | +37% |
Compare to Similar Programs in Minnesota
Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,304 | $33,099 | $46,366 | $26,500 | 0.80 | |
| $53,884 | $41,029 | $45,302 | $27,000 | 0.66 | |
| $9,780 | $40,958 | $44,425 | $30,155 | 0.74 | |
| $14,436 | $39,764 | $43,554 | $40,816 | 1.03 | |
| $14,318 | $38,543 | $45,061 | $24,225 | 0.63 | |
| $52,284 | $38,396 | $51,174 | $27,000 | 0.70 | |
| National Median | — | $31,482 | — | $25,500 | 0.81 |
Career Paths
Occupations commonly associated with psychology graduates
Industrial-Organizational Psychologists
Clinical and Counseling Psychologists
Psychologists, All Other
Neuropsychologists
Clinical Neuropsychologists
Psychology Teachers, Postsecondary
Managers, All Other
Loss Prevention Managers
Social Science Research Assistants
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Southwest Minnesota State University, approximately 11% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 27 graduates with reported earnings and 30 graduates with debt data. Small samples may not be representative.